2011 SZL to MKD Historical Review

YEARLY HIGH

6.9678 MKD

YEARLY LOW

5.3451 MKD

YEARLY AVERAGE

6.1171 MKD

2011 SZL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SZL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 6.9678. Conversely, the yearly low was recorded on November 23, dropping to 5.3451.

This high-to-low spread represents a total annual volatility of 1.6228 MKD. From a start-to-finish perspective, comparing the January average rate of 6.6503 to the December average rate of 5.6921, the exchange rate registered a net change of -14.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 6.9678 was down 0.16% compared to the 2010 peak of 6.9788, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SZL based on timing:

Yearly Peak High 34,839 MKD

2010 Average 31,683 MKD

Yearly Trough Low 26,725 MKD

Transaction Impact: A difference of 8,113.75 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

6.7585

5.4602

JanuMarcMayJulySeptNove

SZL to MKD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 6.3492, compared to 5.8850 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4641 points.

H1 Avg (Jan–Jun) 6.3492

H2 Avg (Jul–Dec) 5.8850

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.7252 MKD (High: 6.9678 / Low: 6.2427). On the other end, June was the most stable month, with a tight range of 0.1499 MKD (High: 6.3615 / Low: 6.2116).

January Spread (Volatile) ±0.7252

June Spread (Stable) ±0.1499

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.3884 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3884

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 6.6503) against the same month in 2010 (average: 5.7689), the exchange rate shifted by +0.8814 (+15.28%).

2011 Avg (January) 6.6503

2010 Avg (January) 5.7689

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.9678	6.2427	6.6503
February	6.3614	6.2038	6.2619
March	6.4457	6.1848	6.3330
April	6.4436	6.1967	6.3090
May	6.3438	6.1862	6.2520
June	6.3615	6.2116	6.2887
July	6.4568	6.2602	6.3343
August	6.4288	5.8896	6.0520
September	6.1629	5.7687	6.0007
October	5.9196	5.4957	5.6626
November	5.7012	5.3451	5.5684
December	5.8731	5.5879	5.6921